Blogs of the LA Area Chamber
Thank You USC
Gary Toebben on December 18, 2012 at 12:00:00 am
Posted in The Business Perspective
Last week the L.A. City Council unanimously approved the largest redevelopment project in the history of South Los Angeles. The University of Southern California’s Specific Plan will create housing for more than 5000 students, new dining and entertainment options and a new fire station. It will also provide $20 million for affordable housing throughout the neighborhoods that surround USC. In total, the 20-year project is expected to create 12,000 construction and permanent jobs and have a $1.1 billion impact on the region's economy. As one neighborhood advocate described in her supporting testimony, “USC will provide unprecedented benefits to the community.”
Two Big Steps — One Forward and One Back — for the Economy and Jobs
Gary Toebben on December 4, 2012 at 12:00:00 am
Posted in The Business Perspective
Earlier this year, the Brookings Institution released a report on Los Angeles that identified exports and tourism as key economic engines for the future. The report described "a unique opportunity to reorient the regional economy and reassert the region as a vibrant globally significant market." This past week, Los Angeles took a big step forward and a big step back in following that advice.